Before the furniture store began its ad campaign, it averaged 153 customers per day. The manager isinvestigating if the average is smaller since the ad came out. The data for the 12 randomly selected days sincethe ad campaign began is shown below:132, 163, 158, 155, 146, 163, 150, 138, 133, 146, 144, 147Assuming that the distribution is normal, what can be concluded at the a =0.01 level of significance?a. For this study, we should useSelect an answerb. The null and alternative hypotheses would be:Но:Select an answerH1:?Select an answerc. The test statistic (?(please show your answer to 3 decimal places.)%3Dd. The p-value =(Please show your answer to 4 decimal places.)e. The p-value is (? vf. Based on this, we should | Select an answerthe null hypothesis.g. Thus, the final conclusion is that ...The data suggest the populaton mean is significantly less than 153 at a = 0.01, so there issufficient evidence to conclude that the population mean number of customers since the adcampaign began is less than 153.The data suggest the population mean is not significantly less than 153 at a = 0.01, so there issufficient evidence to conclude that the population mean number of customers since the adcampaign began is equal to 153.| The data suggest that the population mean number of customers since the ad campaign began isnot significantly less than 153 at a = 0.01, so there is insufficient evidence to conclude that thepopulation mean number of customers since the ad campaign began is less than 153.%3D h. Interpret the p-value in the context of the study.|There is a 6.0578332% chance that the population mean number of customers since the adcampaign began is less than 153.If the population mean number of customers since the ad campaign began is 153 and if youcollect data for another 12 days since the ad campaign began, then there would be a 6.0578332%chance that the sample mean for these 12 days would be less than 147.9.There is a 6.0578332% chance of a Type I error.If the population mean number of customers since the ad campaign began is 153 and if youcollect data for another 12 days since the ad campaign began, then there would be a 6.0578332%chance that the population mean number of customers since the ad campaign began would beless than 153.i. Interpret the level of significance in the context of the study.| There is a 1% chance that there will be no customers since everyone shops online nowadays.| There is a 1% chance that the population mean number of customers since the ad campaignbegan is less than 153.If the population mean number of customers since the ad campaign began is 153 and if youcollect data for another 12 days since the ad campaign began, then there would be a 1% chancethat we would end up falsely concuding that the population mean number of customers since thead campaign began is less than 153.UIf the population mean number of customers since the ad campaign began is less than 153 and ifyou collect data for another 12 days since the ad campaign began, then there would be a 1%chance that we would end up falsely concuding that the population mean number of customerssince the ad campaign is equal to 153.

Name: Before the furniture store began its ad campaign, it averaged 153 cus
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
Description: Before the furniture store began its ad campaign, it averaged 153 customers per day. The manager isinvestigating if the average is smaller since the ad came out. The data for the 12 randomly selected days sincethe ad campaign began is shown below:13